Tungsten Carbide Market – Opportunities and Forecast, 2020-2027

 

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

Competitive Landscape:

The leading organizations covered in the Tungsten Carbide Market are:

·         Sandvik AB

·         Kennametal Inc.

·         Ceratizit S.A.

·         Extramet

·         Federal Carbide Company

·         Guangdong Xianglu Tungsten Co., Ltd.

·         Nanchang Cemented Carbide Co., Ltd.

·         Jiangxi Yaosheng Tungsten Co., Ltd.

·         Japan New Metal Co., Ltd.

·         China Tungsten Online

Drivers of the Tungsten Carbide Market:

The significant factors contributing to the growth of the tungsten carbide market during the forecast period include the rising demand for industrial machineries from several end-use industries, such as industrial engineering, transportation, mining & construction, and aerospace & defense. Moreover, growing product demand in the mining & construction, transportation, and industrial engineering sector will surge the growth of the tungsten carbide powder market. Rising government investments to upgrade their public infrastructure, especially in the BRICS nations. Furthermore, increasing spending for residential & commercial buildings will fuel the tungsten carbide powder market demand, thus boosting the growth of the tungsten carbide powder market. The high tensile strength, excellent durability, and corrosion & abrasion resistance of tungsten carbide make it ideal for mining & construction and automobile, which is a major factor driving the market growth. Additionally, tungsten carbide is gaining recognition as it is used in 3D printing technology equipment. Many companies are switching their present material, used in 3D printing equipment, like lead with tungsten carbide powder due to its strength, stiffness, and capacity to survive high temperatures and heat, which will create new growth opportunities in the market during the forecast period.

For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/global-tungsten-carbide-market-powder/

Key Benefits offered by the Tungsten Carbide Market report:

·         This study represents the analytical depiction of the Tungsten Carbide Market along with the ongoing trends and future estimations to determine the imminent investment pockets.

·         The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Tungsten Carbide Market share.

Segmentation of the Tungsten Carbide Market:

The Tungsten Carbide Market has been categorized into the following segments:

Breakup by Grade:

·         Rotary Drilling & Mining Grades

·         Metal Forming & Wear Grades

·         Submicron Grades

·         Corrosion Resistant Grades

·         General Purpose Grades

·         Other Grades

Breakup by Application:

·         Machine Tools & Components

·         Cutting Tools

·         Dies & Punches

·         Abrasive Products

·         Others

Breakup by End-Use Industry:

·         Mining & Construction

·         Inserts

·         Drill Bits

·         Burr Blanks

·         Industrial Engineering

·         Chemical & Fertilizer

·         Fluids Power Manufacturing

·         Power Generation & Transmission

·         Transportation

·         Railways

·         Automotive

·         Oil & Gas

·         Exploration

·         Drilling

·         Aerospace & Defense

·         Aircrafts

·         Ammunitions

·         Others

·         Jewellery

·         Medical

·         Sports

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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